Remove Collaboration Remove e2e Remove Real-time Visibility Remove Suppliers
article thumbnail

Supply chain visibility in the energy and utilities industry

IBM Supply Chain Blog

For the energy and utilities industry (E&U), time is not on their side. Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supply chain disruptions as wear, tear and time take their toll. But with the right tools, tactics and collaboration, it doesn’t have to be this way.

e2e 65
article thumbnail

Supplier Order Management Software – Everything You Should Know

Procurement Tactics

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Integrated Logistics — What You Should Know

Procurement Tactics

The goal of integrated logistics is to optimize the entire supply chain by minimizing costs, improving efficiency, and ensuring timely delivery of products to customers. It also requires close collaboration and coordination among all the stakeholders in the supply chain, including suppliers, manufacturers, distributors, and retailers.

Logistics 207
article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

Supply chain disruptions are caused by a variety of factors, from pandemics, natural disasters and political instability to supplier bankruptcy and IT failures. They need strong SCM practices to help work out the logistics of transporting goods across long distances and through multiple countries without creating longer lead times or delays.

article thumbnail

The Contract Management Playbook: Strategies and Secrets for Total Control

World of Procurement blog

Contract management also provides financial visibility into agreements and helps capture important data to inform business decisions. The types of contracts that typically require robust management include: Procurement contracts - Agreements with suppliers and vendors for goods, services, and materials.

article thumbnail

Building a sustainable automotive supply chain

IBM Supply Chain Blog

For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers. Monitor supply to minimize production delays and reduce the time needed for critical supply chain disruption management. Optimize maintenance inventory, increase reliability, and ensure production schedules are met.

article thumbnail

FDA FSMA: Providing value beyond compliance

IBM Supply Chain Blog

For the first time, the rule establishes additional recordkeeping requirements for any US-based entity that manufactures, processes, packs or holds foods on the Food Traceability List. With greater tracking and traceability, for example, comes real-time demand insight. Digitalization is not one-size-fits-all.